Crypto Industry News

The sister company of Binance rolled out a seamless zero-fee Pay feature for its U.S. customers. Continuing its idea to become the most customer-friendly crypto exchange, Binance U.S. presented a peer-to-peer Pay feature: Pay on Binance.US makes transferring or gifting crypto as seamless as cash, enabling instant, zero-cost crypto transfers for all Binance.US customers. Pay […]

The largest crypto exchange, Binance, temporarily halted USDC stablecoin withdrawals due to a “token swap.” Other stablecoins are not affected. The paused USDC withdrawal happened amidst FUD in recent days, both in media outlets and on Twitter. In short, halted withdrawals of USDC add to already growing investor concerns about the stability of Binance following […]

The former CEO of the recently bankrupt crypto exchange FTX, Sam Bankman-Fried, has confirmed his attendance at the upcoming House Financial Services Committee hearing. On Dec. 9, Sam Bankman-Fried tweeted: The tweet was a response to House Financial Services Committee chair Maxine Waters’s official invitation from Dec. 2. Maxine Waters stressed Sam Bankman-Fried’s attendance is […]

U.S. crypto exchange and co-founder of USDC, Coinbase, urges its customers to switch USDT to the trusted and reputable USDC with zero fees. In the official announcement from Dec. 8, the company states: At Coinbase, we’re focused on stability and trust. Today’s announcement represents one step on that journey – enabling global customers to convert […]

Crypto exchange Binance has published a proof-of-reserves, audited by financial advisory firm Mazars, showing that Binance’s bitcoin reserves are overcollateralized. Binance underwent proof-of-reserves by Mazars on Nov. 22. To date, Binance bitcoin reserves were overcollaterised by 101%: At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total […]

Bitcoin and blockchain technology company Blockstream is seeking fresh capital at a much lower valuation than last year’s $3.2 billion. Canada-based Blockstream raised $210 million in August 2021 in a Series B round with U.K. investment firms Baillie Gifford and Ifinex. The capital raised in that round gave Blockstream a valuation of $3.2 billion. Founded […]

The U.S. House Financial Services Committee has scheduled a hearing on the FTX collapse, and Sam Bankman-Fried is unlikely to testify due to his unpreparedness. In response to Financial Services Committee Chair Maxine Waters’s official invitation to testify at the hearing scheduled on Dec 13, Sam Bankman-Fried tweeted that he probably won’t participate due to […]

Days before the struggle with unlocking its Earn product, crypto exchange Genesis received regulatory approval from Italy and Greece. Gemini was registered as a virtual currency operator with the help of Organismo Agenti E Mediatori (OAM), Italy’s payment service regulator, on Nov 3. And as a custodial wallet provider and provider of exchange services between […]

Citing a Bloomberg anonymous source, several Genesis clients hired restructuring advisers to avoid the company’s filing for Chapter 11 bankruptcy. One group of creditors is currently working with Proskauer Rose law firm, and another is getting advice from Kirkland & Ellis. The information was shared with Bloomberg by an unidentified source close to the matter. […]

Binance got its first license in East Asia by acquiring Japan-based licensed crypto exchange Sakura Exchange BitCoin. Last year, Japan’s Financial Services Agency listed another warning to Binance on operating in Japan without registration. Back in the day, Binance replied by saying it “does not currently hold exchange operations in Japan, nor do we actively […]